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boehner wants a temporary deal that extends all the bush tax cuts and buys more time. democrats don't want to extend attach cuts at all even temporarily. we know going over the cliff would throw us into a recession but experts say if it's reversed within a couple weeks it wouldn't be catastrophic. if the two sides cut a deal referred to as the grand bargain, it's preferable in theory, but with democrats and republicans so far apart, it is unclear what we might have to sacrifice in order to get that bargain. third, the two sides could negotiate around the issue of taxes. this is a little more complicated, unclear how it might work. there would be some sort of trade-off and it seems unlikely. the fourth possible scenario, create a patch to get us through the start of the year, which is a short term extension of the status quo something republicans would like, because it extends the bush tax cuts. president obama did that once in 2010 and is not willing to do it again. finally, we could procrastinate with a little down payment sending the message we will get to it. it would be a small package
to make john boehner's life easier. you know, if ever--you know, you keep seeing this clip of george bush talking about all the political capital he has gained, right? this is the second electoral landslides. >> caller: the first thing that george bush did with that political capital was to privatize social security. that was the beginning of the end. that's when his second term got broken along before all the bad stuff happened. >> stephanie: you talk about this a lot, too, what happens on the sunday shows. >> caller: i took this week off by the way. >> stephanie: i don't know if you saw this, but this is what drives you and i crazy not just about the democratic party but mainstream media. this is the question that was asked of schumer. >> would you like to see the president bring him in for the negotiations over the fiscal cliff. >> caller: shoot me now. >> stephanie: really? >> caller: why? >> stephanie: really the guy that just lost by a landslide. >> caller: first of all, if you were hiring the guy why would you hire the guy? why would you bring aboard the guy whose economic plan was
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